dealertrack technologies inc (TRAK) Key Developments
Dealertrack Expands the Capabilities of its Inventory+ Solution
Jun 23 14
Dealertrack Technologies introduced an all-new Inventory+ vehicle trade-in quote module and a fully-integrated transportation tool. Dealertrack Inventory+ is an innovative and comprehensive inventory management solution that delivers 360(0) of data insight and analytics with rich mobile and workflow capabilities for dealers. Dealers now have access to two new powerful tools within Inventory+, making the solution an even more robust and versatile tool for inventory management. These new Dealertrack-exclusive features include, Inventory+ TradeDriver - An intelligent trade-in quote service integrated within Inventory+ and a dealer's website to present buyers with consistent trade-in offers whether in a dealership or via a dealer's website, and to help dealers convert more leads to sales. Inventory+ Transportation Services - The first and only vehicle transportation network integrated with an inventory management system offers dealers more choices than ever for their transport needs. Inventory+ TradeDriver intelligently blends Inventory+ dealer-specific TrueScore transactional performance, market data, wholesale value, dealer-controlled settings and a unique value powered by BlackBook to enable dealers to present customized vehicle trade-in quotes directly to consumers shopping on a dealership's website. TradeDriver assists dealers in presenting the same consistent and fair vehicle trade-in quotes online and at the dealership. Inventory+ Transportation Services is powered by Dealertrack's CentralDispatch, connecting automotive dealers to more than 1,500 transport brokers and more than 7,000 vehicle carriers. Inventory+ Transportation Services is now a simple drag-and-drop feature integrated with Inventory+, allowing dealers to post vehicle loads directly to CentralDispatch. In addition, as part of the Inventory+ Transportation Services, dealers have the ability to work directly with Dealertrack's Broker Connection network, which consists of brokers who have agreed to adhere to a high-quality standard of service.
Dealertrack Technologies, Inc. Presents at Evercore Vertical Cloud Symposium, Jun-12-2014 01:45 PM
Jun 5 14
Dealertrack Technologies, Inc. Presents at Evercore Vertical Cloud Symposium, Jun-12-2014 01:45 PM. Venue: Omni Berkshire Place, New York, New York, United States. Speakers: Mark F. O'Neil, Chairman, Chief Executive Officer, President, Chairman of Dealertrack Inc and Chief Executive Officer of Dealertrack Inc, Paul Rybecky, vice president, Finance, Treasury and Investor Relations.
Dealertrack Technologies, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Revised Earnings Guidance for the Year Ending December 31, 2014
May 12 14
Dealertrack Technologies, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported net revenue of $158.808 million against $109.059 million a year ago. Loss from operations was $22.633 million against income from operations of $0.751 million a year ago. Loss before benefit from income taxes, net was $16.281 million against $1.204 million a year ago. Net loss was $11.642 million or $0.25 per diluted share against $0.034 million or $0.00 per diluted share a year ago. Adjusted EBITDA (non-GAAP) was $30.514 million against $24.229 million a year ago. Adjusted net income (non-GAAP) was $11.487 million against $12.036 million a year ago. Diluted adjusted net income per share (non-GAAP) was $0.23 against $0.27 a year ago. Net cash used in operating activities was $92.864 million against $5.000 million a year ago. Capital expenditures was $5.108 million against $2.027 million a year ago.
The company expects GAAP net loss for the year is expected to be between $18.0 million and $12.0 million, a decrease from prior guidance of between $13.0 million and $7.0 million. Adjusted net income expected in a range of $78 million against $84 million. Adjusted EBITDA - (non-GAAP) in a range of $180.0 million to $188.0 million. Revenue for the year is expected to be between $814.0 million and $826.0 million, an increase from prior guidance of between $800.0 million and $816.0 million. Diluted adjusted net income per share for the year is expected to be between $1.42 and $1.53.
Dealertrack Technologies, Inc., Annual General Meeting, Jun 03, 2014
Apr 24 14
Dealertrack Technologies, Inc., Annual General Meeting, Jun 03, 2014., at 11:00 US Eastern Standard Time. Location: Dealertrack Technologies, Inc. Corporate Headquarters. Agenda: To elect the two nominees named in the attached proxy statement as directors on the Board of Directors for three-year terms as Class III Directors to serve until 2017 annual meeting of stockholders and until their respective successors are elected and qualified; to ratify the selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2014; to approve on an advisory basis the compensation of executive officers; to amend and restate fourth amended and restated 2005 incentive award plan to provide for an increase in the number of shares of common stock the company may issue under the 2005 plan by 2.9 million shares; and to transact other business that properly may come before the annual meeting or any adjournments or postponements of the meeting.
Dealertrack Technologies, Inc. Presents at Macquarie Extreme Services Conference 2014, May-13-2014
Apr 18 14
Dealertrack Technologies, Inc. Presents at Macquarie Extreme Services Conference 2014, May-13-2014 . Venue: Omni Berkshire Place, New York, New York, United States. Speakers: Eric D. Jacobs, Chief Financial Officer, Principal Accounting Officer, Chief Administrative Officer, Executive Vice President and Treasurer, Paul Rybecky, VP of Finance, Treasury, & IR.